Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Nickel. Don't think the placing and ri are likely to be in 1st qtr.Scheme will not be completed until 17/3 and the original rns stated that the whole series of transactions was not due to be completed until 3rd qtr.
My bet would be after theAGM.
It won't go ahead IMHO. Where that leaves the debt maturity et al is then another question entirely. It is also why I think that ARCM are in no rush to close their short. Luck, on their part, is an understatement :-(
The other matter is at what price are they going to try and get away the $500m - heavily discounted? The lower the price, the more dilution obviously.
Corona has really gone and screwed things up !!!
Peltata - if oil climbs on the back of an OPEC intervention then things should be fine. I'm just a little concerned that getting away $500m in the current climate won't be doable! The assets are fantastic and will cover debts many times over to life of assets (and i expect PMO will extend them) but for now there's a real question mark around closing this placing. It's expected during Q1 right?
Executing such a major part of PMOs long term strategy in the middle of a global pandemic was probably not in the plan! Just after covid19 starts to subside would be good, lots of equity investors ready to go back in. Just hoping the climb back happens at a similar pace to the climb down.
The free cashflow model looks so good for the new assets but at what price was that pegged too? ESG focused Instis and funds are exiting oil, mining names and with oil dropping every day there's certainly greater risk now for any participants. Thoughts?